• Out-of-State Owner Divests to Investor

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
  • CFG Hit the Ground Running in Q1

    Capital Funding Group wasted no time in the first quarter, closing $428.9 million in total financing. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily and commercial lending on behalf of nationally recognized borrowers. Some highlighted transactions include: ● A $17.6... Read More »
  • Separate Borrowers Secure Financing

    Cambridge Realty Capital announced a couple separate closings. First, the company provided a $4.31 million HUD refinance of Elizabeth Care Center, a skilled nursing facility in Elizabeth, West Virginia. Cambridge utilized HUD’s Express Lane, which enabled the loan application to receive its firm commitment just 18 days after being accepted. ... Read More »
  • Blueprint Brings on New Team Member

    Blueprint welcomed Peter Trazzera to the team as Senior Director, Capital Markets. Trazzera brings deep expertise in financing solutions and is set to further elevate Blueprint’s capabilities in the sector. He has an extensive background in institutional capital, and is joining following a 12-year tenure as Senior Vice President at KeyBank... Read More »
  • High-Priced Sale Closes in Chicago

    The bar keeps getting raised for pricing in the seniors housing industry, and we believe a new record has been set for a property sale in Chicago, Illinois. It was revealed that the seven-story Belmont Village Lincoln Park was bought by CBRE Investment Management for approximately $151 million, according to property tax records. Based on a lower... Read More »
Live Oak Bank Closes Two Balance Sheet Loans

Live Oak Bank Closes Two Balance Sheet Loans

Utilizing its balance sheet lending program, Live Oak Bank closed two conventional loans on behalf of senior living clients. Adam Sherman led the way on both transactions. The first was arranged for a to-be-built assisted living/memory care community in Mason, Ohio being developed by Berengaria Development, the real estate arm of Marcus Investments. There will be 23 AL and 18 MC units, with BrightStar Senior Living, an affiliate of home health care provider BrightStar Care, leasing and operating the property upon completion. The project received a $6.9 million loan, with a five-year term, 25-year amortization and 24 months of interest only payments to accommodate the construction and... Read More »